Planet Fitness, Inc. (PLNT) · Nov 5, 2026 · Earnings

Planet Fitness earnings beat as margins soften and buybacks expand

Beat — Adj. EPS $0.83 vs ~$0.81 consensus; revenue $360.0M vs ~$347.7M

Planet Fitness beat Q3 earnings expectations on revenue and adjusted EPS, while softer margins, a Portugal acquisition and a new $500M buyback reshape the story.

Planet Fitness is a predominantly franchised, low-cost fitness operator expanding its club footprint while using buybacks and selective international acquisitions to drive per-share growth. Its current strategy emphasizes franchise growth, operational improvements and broader international expansion rather than building a heavily corporate-owned estate.

The quarter cleared the market’s operating bar. Revenue reached $360.0 million, about 3.5% above the published consensus of roughly $347.7 million, while adjusted diluted EPS came in at $0.83 versus approximately $0.81 expected. Adjusted EBITDA also rose 3.9% year over year to $146.2 million, giving investors a genuine earnings beat rather than a result carried only by share repurchases. The company said same-club sales growth was ahead of expectations. 〔0〕

	Q3 2026	Q3 2025	Consensus
Total revenue (Financial Statements)	$360.0M (+9.0%)	$330.3M	$347.7M
Adjusted EBITDA (Adjusted EBITDA reconciliation)	$146.2M (+3.9%)	$140.8M
Adjusted diluted EPS (Adjusted net income reconciliation)	$0.83 (+3.8%)	$0.80	~$0.81
Diluted GAAP EPS (Income Statement)	$0.70	$0.70
Franchise same-club sales (Segment results)	+1.5%
Corporate-club same-club sales (Segment results)	+1.8%

The quality of the beat was less clean than the headline suggests. Adjusted EBITDA margin was approximately 41%, down from roughly 42.6% a year earlier, while corporate-owned-club adjusted EBITDA slipped 0.4% despite higher same-club sales. Franchise revenue growth was helped materially by the national advertising fund contribution rate rising from 2% to 3%, so the strongest top-line growth did not come entirely from underlying royalty or membership momentum.

Buybacks amplified per-share growth, but also consumed substantial cash. Adjusted EPS rose even as adjusted net income declined year over year, because the diluted share count fell to 75.0 million from 84.0 million. The company repurchased $302.4 million of stock through nine months and authorized a replacement program of up to $500 million. That supports per-share results, but it is a capital-allocation lever rather than evidence of faster underlying earnings growth.

The filing adds strategic optionality but also execution demands. Planet Fitness completed the €102.5 million acquisition of Portugal’s Be-Fit, adding 25 clubs and approximately 80,000 members, while beginning a review of refranchising domestic corporate-owned clubs. The combination points toward a more asset-light model: acquire a platform internationally, improve it, and potentially refranchise it over time. That is strategically coherent, but the earnings contribution is deferred—the company expects Be-Fit to become accretive in 2027 rather than materially changing current results.

The broader outlook was maintained rather than upgraded. The company continued to target approximately 6% growth in adjusted diluted EPS for 2026, the same outlook raised at the prior quarter from approximately 4%. That makes the Q3 beat useful evidence of execution, but not a new acceleration in the full-year story.

Bottom line: Planet Fitness beat expectations and is still executing its franchise-led growth plan, but softer margins and heavy reliance on buybacks make this a solid improvement—not a wholesale change in the business story.

What to watch next

Q4 earnings report, expected early February 2027

Original filing on SEC EDGAR

More Planet Fitness, Inc. news

Modest Q2 beat, but member-growth recovery remains unproven

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the raw filing — read the original on SEC.gov↗

decoded▸

AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

Bull 58%Neu 27%Bear 15%

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Planet Fitness earnings beat as margins soften and buybacks expand

What to watch next

More Planet Fitness, Inc. news

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